Reinsurance Jobs in Edina, MN
Reinsurance is a financial tool that insurance companies use to manage risk. Essentially, it involves insurance companies transferring portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. In other words, it is insurance for insurance companies. Reinsurance enables insurance companies to remain solvent by recovering part or all amounts paid to claimants. Further, reinsurance also provides insurance companies the capacity to underwrite policies that cover a larger volume of risks without excessively raising the costs of covering their solvency margins.
Individuals seeking roles in Reinsurance should have strong analytical, decision-making, and negotiation skills. Moreover, having a deep understanding of risk analysis, financial markets, and regulatory requirements are also essential. A certification as a Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) might be required. Some typical roles a person may have before becoming a Reinsurance Professional include Underwriter, Claims Adjuster, or Risk Analyst. These roles provide the necessary experience and understanding of risk assessment and financial implications critical for a career in reinsurance.
We can count on you to: Manage the complete lifecycle of a reinsurance contract for your assigned accounts, including drafting the contract language to reflect the intent of the reinsurance negotiations...
Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker....
What makes you stand out: Experience in Pro Rata Reinsurance Knowledge of contract law, contract provisions, reinsurance concepts and principles, basic regulatory controls, and general business trends...
Experience in multiple lines of business is a plus, including but not limited to: property; long-tail casualty such as workers compensation, commercial general liability, professional liability, etc...
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As a Reinsurance Broker Intern, you will work on the North American Reinsurance Team - learning more about reinsurance broking, risk mitigation solutions, contract negotiation, portfolio management,...
Demographic Data for Edina, MN
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Salary for Reinsurance Jobs in Edina, MN
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in Edina, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Project Coordination
- Cash Flow Management
- Claims Handling
- Waterfall
- Test Cases
- Data Migration
- Corporate Finance
- General Liability
- Property and Casualty Insurance
- Insurance Underwriting
- Professional Liability
- Claims Management
- Property Insurance
- Annuities
- Underwriting
- Balance Sheets
- Litigation
- Claims
- Generally Accepted Accounting Principles
- Financial Statements
- Health and Wellness
- Account Reconciliation
- Juris Doctor
- Mediation
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Analytical Skills
- Military Background
- SQL
- Decision Making
- Accounting
- Negotiation
- Auditing
- Verbal Communication
- Driving
- Presentation
- Data Analysis
- Events
- Flexibility
- Documentation
- Interpersonal Skills
- Collaboration
- Employee Development
- Reporting
- Microsoft PowerPoint
- Sales
- Critical Thinking
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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